Problem 14-8BA Computing bond price and recording issuance C2 Flagstaff Systems issues bonds dated January 1 that pay interest semiannually on June 30 and December 31. The bonds have a $90.000 par value and an annual contract rate of 12%, and they mature in five years Required For each separate situation, (a) determine the bondissae price on January and () prepare the journal entry to record their inance 1. The market rate at the date of issuance is 10% Chuck 2. The market rate at the date of issuance is 12% 3. The market rate at the date of issuance is 14%